Exercise 10-22 (Part Level Submission) Cheyenne Corp. issued $370,000, 6%, 20-year bonds on January 1, 2017, for $330,802. This price resulted in an effective-interest rate of 7% on the bonds. Interest is payable annually on January 1. Cheyenne uses the effective-interest method to amortize bond premium or discount. (a1) Your answer is correct. Prepare the schedule using effective-interest method to amortize bond premium or discount of Cheyenne Corp.. (Round answers to 0 decimal places, e.g. 5,250.) Interest Periods Issue date Interest to Be Paid Interest Expense to Be Recorded Discount Amortization Unamortized Discount Bond Carrying Value 39198 330802 1 2 22200 22200 23156 956 38242 331758 23223 Click if you would like to Show Work for this question: LINK TO TEXT LINK TO TEXT (a2) (b) 1023 Open Show Work 37219 332781 VIDEO: SIMILAR EXERCISE Attempts: 1 of 3 used Prepare the journal entry to record the accrual of interest and the discount amortization on December 31, 2017. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Date Dec. 31, 2017 Debit Credit Click if you would like to Show Work for this question: Open Show Work